July 23, 2014 3:13 PM ET

Metals and Mining

Company Overview of Chase Industries, LLC

Company Overview

Chase Industries, LLC manufactures free-machining and forging brass rod and structural and mechanical steel tubing. The company's customers include original equipment manufacturers, independent fabricators, and distributors. The company markets its products through a direct sales force whose territory covers the United States, Canada, and Mexico. The company was formerly known as Chase Brass Industries, Inc. and changed its name to Chase Industries, LLC in May, 1997. The company was incorporated in 1990 and is based in Montpelier, Ohio. Chase Industries, LLC operates as a subsidiary of Global Brass and Copper Holdings, Inc.

14212 County Road M-50

Montpelier, OH 43543

United States

Founded in 1990

300 Employees

Phone:

419-485-3193

Fax:

419-485-8150

Key Executives for Chase Industries, LLC

Director
Age: 64
Compensation as of Fiscal Year 2014.

Chase Industries, LLC Key Developments

Chase Industries, LLC Announces Unaudited Earnings and Production Results for the Nine Months Ended September 30, 2012

Chase Industries, LLC announced unaudited earnings and production results for the nine months ended September 30, 2012. Chase Brass net sales decreased by $49.3 million, or 8.9%, from $555.6 million for the nine months ended September 30, 2011 to $506.3 million for the nine months ended September 30, 2012. The decrease was due to lower metal prices and lower volume. Segment Adjusted EBITDA of Chase Brass decreased by $0.2 million, from $53.5 million for the nine months ended September 30, 2011 to $53.3 million for the nine months ended September 30, 2012. The decrease was due primarily to lower volume and higher manufacturing conversion costs, partially offset by lower shrinkage costs due to lower metal costs in the nine months ended September 30, 2012 compared to the same period in 2011. Volume decreased 3.4 million pounds, or 2.0%, from 172.8 million pounds for the nine months ended September 30, 2011 to 169.4 million pounds for the nine months ended September 30, 2012. The decrease in volume, which contributed $11.1 million to the decrease in net sales, was the result of continued soft demand in the building and housing as well as industrial machinery and equipment end markets.

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